ESPOO – Finnish telecommunications giant Nokia Oyj (HE:) (LEI: 549300A0JPRWG1KI7U06) continued its share buyback program, acquiring a total of 872,093 shares on Monday at a weighted average price of EUR 4.42 per share. This transaction is part of a broader initiative announced on November 22, 2024 to mitigate the dilutive effect of shares issued to shareholders of Infinera (NASDAQ: ) Corporation and related stock-based incentives.
The buyback program, which complies with the Market Abuse Regulation (EU) 596/2014 (MAR) and the European Commission Delegated Regulation (EU) 2016/1052, as well as with the approval of Nokia’s Annual General Meeting on April 3, 2024, began on November 25 2024, and should end by December 31, 2025. The goal of the program is to acquire up to 150 million shares, with a maximum total expenditure of EUR 900 million.
Following the latest acquisition, Nokia now holds 231,707,452 of its own shares. The total cost of the shares purchased on January 20, 2025 was EUR 3,858,052. Details of the transactions are provided as an appendix to the company’s press release.
Nokia, a leader in B2B technology and innovation, is recognized for its pioneering role in developing future network solutions that are perceptive, cognitive and intelligent. The company’s leadership is based on its expertise in fixed, mobile and cloud network technologies, as well as value creation through intellectual property rights and continuous research and development efforts led by the acclaimed Nokia Bell Labs.
The company’s high-performance network solutions, based on an open architecture, seamlessly integrate into diverse ecosystems, enabling new opportunities for network commercialization and scaling. Service providers, enterprises and other partners globally rely on Nokia’s network performance, accountability and security standards.
This information is based on a press release from Nokia Oyj.
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